Credit Cards

Front

What is one advantage of having a credit card?

Back

It allows you to make purchases without carrying lots of cash.

Front

What happens when you don't have enough money to pay for the things you charged?

Back

You end up owing more than the original amount of money you charged.

Front

Why would your credit provider give you a credit limit?

Back

To prevent you from spending more money than you can pay back.

Front

How can you avoid paying interest fees on your credit card?

Back

pay off the full balance, on time, each month

Front

The least amount that must be paid on a credit card each month is

Back

Minimum Payment

Front

What is a good practice when it comes to credit cards?

Back

paying the amount charged in full each month

Front

Convenience, record-keeping, emergency cash, bonus points, purchase protection, fraud prevention, building credit are disadvantages of having a credit card.

Back

False

Front

Credit cards allow you to ___________ money from a bank to make purchases.

Back

borrow

Front

Your credit score is a point value of how well you have handled credit in the past and how you may handle credit in the future.

Back

True

Front

What's better? Options: high credit score, low credit score

Back

high credit score